Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.
Posted: April 28th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Minnesota, Moundsview, Ramsey County
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A major Twin Cities medical manufacturer will lay off at least 270 employees this week as part of a planned restructuring effort.
Medtronic Spokesperson Brian Henry confirmed the layoffs, but would not say what division or part of the company those job cuts would come from.
Posted: April 8th, 2011 | Author: Saddam Hussain | Filed under: By Location, USA | Tags: Minnesota, San Francisco, Wells Fargo
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Wells Fargo & Co. is cutting 1,900 mortgage jobs as home lending and refinancing slows, according to media reports.
The cutbacks, which were announced to employees March 23, represent 1 percent of Wells Fargo’s entire workforce and 3 percent of its mortgage staff.
Posted: September 5th, 2010 | Author: dubaidude | Filed under: USA | Tags: Hospital, Minneapolis, Minnesota, St. Paul
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Children’s Hospital and Clinics of Minnesota plans to eliminate between 200 and 250 full-time positions by mid-November.
The job cuts will come through a combination of layoffs, voluntary early retirements and leaving open positions vacant, hospital spokesman Brian Lucas said. The number of layoffs has yet to be finalized, he said.
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